Short Interest in iShares MSCI Emerging Markets Indx (EEM) Decreases By 6.4%

iShares MSCI Emerging Markets Indx (NYSEARCA:EEM) was the recipient of a significant decline in short interest in the month of December. As of December 15th, there was short interest totalling 95,849,158 shares, a decline of 6.4% from the November 30th total of 102,439,802 shares. Based on an average trading volume of 61,099,519 shares, the days-to-cover ratio is presently 1.6 days.

iShares MSCI Emerging Markets Indx (EEM) opened at $49.13 on Monday. iShares MSCI Emerging Markets Indx has a 52-week low of $35.84 and a 52-week high of $49.14. The stock has a market cap of $41,170.00 and a PE ratio of -3.16.

The company also recently disclosed a semiannual dividend, which was paid on Tuesday, December 26th. Shareholders of record on Wednesday, December 20th were given a $0.6966 dividend. This is a boost from iShares MSCI Emerging Markets Indx’s previous semiannual dividend of $0.19. The ex-dividend date of this dividend was Tuesday, December 19th. This represents a dividend yield of 3.05%. iShares MSCI Emerging Markets Indx’s payout ratio is presently -5.73%.

Several hedge funds have recently added to or reduced their stakes in EEM. Emerging Sovereign Group LLC increased its position in shares of iShares MSCI Emerging Markets Indx by 2.3% during the third quarter. Emerging Sovereign Group LLC now owns 138,350 shares of the exchange traded fund’s stock valued at $6,199,000 after buying an additional 3,100 shares during the period. Smithfield Trust Co. increased its position in shares of iShares MSCI Emerging Markets Indx by 10.4% during the third quarter. Smithfield Trust Co. now owns 70,539 shares of the exchange traded fund’s stock valued at $3,160,000 after buying an additional 6,623 shares during the period. Kalos Management Inc. purchased a new position in shares of iShares MSCI Emerging Markets Indx during the third quarter valued at about $2,088,000. David R. Rahn & Associates Inc. increased its position in shares of iShares MSCI Emerging Markets Indx by 1,544.1% during the third quarter. David R. Rahn & Associates Inc. now owns 86,726 shares of the exchange traded fund’s stock valued at $3,886,000 after buying an additional 81,451 shares during the period. Finally, TIAA FSB increased its position in shares of iShares MSCI Emerging Markets Indx by 1.7% during the third quarter. TIAA FSB now owns 1,960,928 shares of the exchange traded fund’s stock valued at $87,869,000 after buying an additional 33,135 shares during the period.

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iShares MSCI Emerging Markets Indx Company Profile

iShares MSCI Emerging Markets ETF, formerly iShares MSCI Emerging Markets Index Fund (the Fund), seeks investment results that correspond generally to the price and yield performance of publicly traded equity securities in global emerging markets, as measured by the MSCI Emerging Markets Index (the Index).

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